NYBD Daily Chart ~ Huge One Day Breakout on Thursd
Post# of 2561
Posted On: 11/02/2013 7:30:35 PM
NYBD Daily Chart ~ Huge One Day Breakout on Thursday...... Too Much, Too Quickly
Congratulations to those that sold a few on Thursday when NYBD became very overbought. Heard a few of you already re-entered from .01-.012. The pullback on Friday, after news, was to be expected as the stock moved too far, too quickly. Add to that the news release on Friday morning, and one had a recipe for profit taking. The move from some initial entries at .0028 saw a move and close at .016 on Thursday. That's just about 500%. Not bad for about one month. Friday's pullback to the MA7 and .01 might offer some support. The stock will probably see some consolidation now as the shorter term holders move on unless a quick bounce develops. For those with a longer term holding period, Friday's news was a solid start for NYBD and its Pleasant Kids. It would be good to know where that initial order of 500,000 bottles went to. Hopefully management will be able to inform its shareholders some of the material information such as customer(s) taking delivery, follow up orders, etc. The stock ended up 18.8% for the week despite Friday's decline.
Congratulations to those that sold a few on Thursday when NYBD became very overbought. Heard a few of you already re-entered from .01-.012. The pullback on Friday, after news, was to be expected as the stock moved too far, too quickly. Add to that the news release on Friday morning, and one had a recipe for profit taking. The move from some initial entries at .0028 saw a move and close at .016 on Thursday. That's just about 500%. Not bad for about one month. Friday's pullback to the MA7 and .01 might offer some support. The stock will probably see some consolidation now as the shorter term holders move on unless a quick bounce develops. For those with a longer term holding period, Friday's news was a solid start for NYBD and its Pleasant Kids. It would be good to know where that initial order of 500,000 bottles went to. Hopefully management will be able to inform its shareholders some of the material information such as customer(s) taking delivery, follow up orders, etc. The stock ended up 18.8% for the week despite Friday's decline.
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